Independence Center II – Sold

Properties

Independence Center II – Sold

Situated in Westfields, one of the largest business parks in the U.S., this state-of-the-art, four-story office facility provides state-of-the-art amenities including a brand-new fitness center, a full-service restaurant/café, a conference facility and a lounge (via access through Independence Center I) and first-class finishes, including attractive common areas with marble floors and wood and chrome accents.

Property Details

Address

15040 Conference Center Drive, Chantilly, VA

MSA

Washington, D.C.

Property Type

One Office Building

Strategy

Core-Plus

Size

115,563 Square Feet

Primary Tenant

SAP National Security Services, Inc.

Acquired

April 1, 2015

Syndicated

June 10, 2015

Sold

September 7, 2022

Internal Rate of Return (1)

10.7%

Average Annual Return (2)

12.0%

Equity Multiple (3)

1.87x

Photo of Tritower Financial Independence Center II property
Photo of Tritower Financial Independence Center II property
  1. Internal Rate of Return is a financial metric, representing the average yearly return that takes into account the timevalue of money.
  2. Average Annual Return is the total investor return divided by the number of years in the actual holding period of the investment.
  3. Equity Multiple is a simple ratio showing how much total cash an investor gets back for every dollar they put into an investment over its lifetime by dividing the total cash distributions received by the total equity invested.

Highlights & Amenities

Independence Center II is replete with numerous high-value infrastructure upgrades, including a government-certified Sensitive Compartmentalized Information Facility (“SCIF”) space, data centers, backup generators and direct, Dark Fiber connectivity to the neighboring NRO.

Four-story, state-of-the-art office facility

Brand-new fitness center

Full-service restaurant/café

Conference facility

Lounge (via access through Independence Center I)

Attractive common areas with marble floors and wood and chrome accents

Government-certified Sensitive Compartmentalized Information Facility (“SCIF”) space

Data centers

Backup generators

Direct, Dark Fiber connectivity to the neighboring NRO

Located in the suburb of Chantilly, Virginia

8 miles south of Washington Dulles International Airport

Adjacent to major government installations such as the NRO, FBI, and CIA

Location

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